Meticulous Research® has provided a forecast for the robotic vision market, which is expected to reach $5.2 billion by 2029, driven by an 11% CAGR from 2022. The growth is attributed to the increasing use of 3D vision systems in industrial robotics, advancements in Industry 4.0, and the growing demand for automated quality inspection technologies. Government support for industrial automation and the rise of machine vision systems are also contributing factors.
Challenges such as depth errors from reflective surfaces and integration complexities, coupled with high initial costs, are notable barriers. Despite these, trends such as AI and machine learning advancements and the increasing use of embedded vision are shaping the market.
The market is segmented into hardware and software, with hardware leading due to its essential role in vision systems. 3D vision systems are currently dominant, but 4D systems are projected to grow the fastest. Measurement, inspection, and testing applications are the largest, with identification and feature extraction expected to grow the fastest. The industrial end user segment holds the largest share, with the Asia-Pacific region expected to experience the highest growth due to favorable government policies and industrial expansion.
Key Players:
The key players operating in the robotic vision market include FANUC Corporation (Japan), Qualcomm Technologies, Inc. (U.S.), Hexagon AB (Sweden), ABB Group (Switzerland), Teledyne Dalsa Inc. (Canada), Cognex Corporation (U.S.), Basler AG (Germany), OMRON Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sick AG (Germany), Tordivel AS (Norway), Advantech (Taiwan), ISRA Vision (Germany), Yaskawa America, Inc. (Japan), Cadence Design Systems, Inc. (U.S.), Panasonic Holdings Corporation (U.S.), Allied Vision Technologies GmbH (Germany), MVTec Software GmbH (Germany), Xenics NV (Belgium), Industrial Vision Systems Ltd (U.K.), and Apera AI (Canada).
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Key Questions Answered in the Report:
• Which are the high-growth market segments based on offering, type, application, end user, and geography?
• What was the historical market size for robotic vision?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, opportunities, challenges, and trends in the robotic vision market?
• Who are the major players, and what are their market shares?
• How is the competitive landscape in the robotic vision market?
• What are the recent developments in the robotic vision market?
• What are the different strategies adopted by the major players in the robotic vision market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the robotic vision market, and how do they compete with the global players?
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